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What single women want: Home ownership
Published on July 10th, 2013 | by Joe Lawler
Single ladies: Put your house keys up. According to a recent report from the National Association of Realtors, single women have purchased homes at nearly twice the rate of single men since the mid-’90s.
Last year single female households made up 18 percent of household composition compared to 10 percent for single men.
Women aren’t making more money: The average salary for a woman still lags behind men, with women earning 82 cents for every dollar a man makes, according to the American Association of University Women. But men have a higher incidence of late mortgage payments and 4.3 percent more debt than women.
Locally there are no hard figures on home sales to single women vs. single men, but Larry Pickering, president of the Des Moines Area Association of Realtors said it’s a trend in line with what he has been seeing.
“We do seem to be working with a lot of single women,” Pickering said. “I haven’t seen the stats, but we’ve worked with a number of single women who have gotten into the buying market.
“It doesn’t surprise me, the numbers are certainly increasing.”
Carrie Brugger, a Realtor with Iowa Realty, said seven of her last 10 sales have been to single women. She said some of those come from divorced women buying a new home, but that younger single women aren’t always following past traditions of waiting until marriage to buy property.
“A lot of the women we sell homes to have decided they’re not going to wait to get married and are moving ahead with their lives,” Brugger said.
“They decide they’re going to buy a house and let their life fall in line with that.”